The following tables set forth certain segment information for the Company, as of and for the three and six months ended June 30, 2016 and 2015, and does not include unconsolidated affiliates:

Three Months Ended June 30, 2016



(dollars in thousands)	Core Portfolio			Funds			Structured Financing Portfolio		Total
Revenues	$	34,693		$	9,225		$	7,415	$	51,333
Property operating expenses, other operating and real estate taxes	(8,286		)	(2,997		)	—		(11,283		)
General and administrative expenses	(7,967		)	(554		)	—		(8,521		)
Depreciation and amortization	(11,706		)	(2,972		)	—		(14,678		)
Operating income	6,734			2,702			7,415		16,851
Equity in earnings of unconsolidated affiliates	581			1,159			—		1,740
Loss on debt extinguishment	—			(15		)	—		(15		)
Gain on disposition of properties	—			16,572			—		16,572
Interest and other finance expense	(7,113		)	(1,769		)	—		(8,882		)
Income tax provision	(87		)	(24		)	—		(111		)
Net income	$	115		$	18,625		$	7,415	$	26,155
Noncontrolling interests
Net income attributable to noncontrolling interests	$	(9	)	$	(8,228	)	$	—	$	(8,237	)
Net income attributable to Common Shareholders	$	106		$	10,397		$	7,415	$	17,918

Real Estate at Cost	$	1,528,848		$	1,118,897		$	—	$	2,647,745
Total Assets	$	1,809,395		$	1,152,103		$	273,542	$	3,235,040
Acquisition of Real Estate	$	6,250		$	—		$	—	$	6,250
Investment in Redevelopment and Improvements	$	6,975		$	11,452		$	—	$	18,427

12. SEGMENT REPORTING (continued)

Three Months Ended June 30, 2015



(dollars in thousands)	Core Portfolio			Funds			Structured Financing Portfolio		Total
Revenues	$	37,593		$	11,583		$	3,985	$	53,161
Property operating expenses, other operating and real estate taxes	(8,235		)	(4,979		)	—		(13,214		)
General and administrative expenses	(7,397		)	(608		)	—		(8,005		)
Depreciation and amortization	(10,568		)	(3,335		)	—		(13,903		)
Impairment of asset	(5,000		)	—			—		(5,000		)
Operating income	6,393			2,661			3,985		13,039
Equity in earnings of unconsolidated affiliates	699			2,707			—		3,406
Gain on disposition of property of unconsolidated affiliates	—			17,105			—		17,105
Loss on debt extinguishment	—			(25		)	—		(25		)
Gain on disposition of properties	—			61,841			—		61,841
Interest and other finance expense	(7,329		)	(2,635		)	—		(9,964		)
Income tax benefit (provision)	75			(19		)	—		56
Net (loss) income	$	(162	)	$	81,635		$	3,985	$	85,458
Noncontrolling interests
Net loss (income) attributable to noncontrolling interests	$	2,205		$	(61,168	)	$	—	$	(58,963	)
Net income attributable to Common Shareholders	$	2,043		$	20,467		$	3,985	$	26,495

Real Estate at Cost	$	1,553,174		$	1,025,406		$	—	$	2,578,580
Total Assets	$	1,650,555		$	1,154,213		$	168,931	$	2,973,699
Acquisition of Real Estate	$	—		$	52,800		$	—	$	52,800
Investment in Redevelopment and Improvements	$	3,271		$	61,480		$	—	$	64,751

12. SEGMENT REPORTING (continued)

Six Months Ended June 30, 2016



(dollars in thousands)	Core Portfolio			Funds			Structured Financing Portfolio		Total
Revenues	$	72,800		$	19,163		$	12,053	$	104,016
Property operating expenses, other operating and real estate taxes	(16,848		)	(6,428		)	—		(23,276		)
General and administrative expenses	(17,040		)	(833		)	—		(17,873		)
Depreciation and amortization	(25,201		)	(6,326		)	—		(31,527		)
Operating income	13,711			5,576			12,053		31,340
Equity in earnings of unconsolidated affiliates	1,173			2,521			—		3,694
Loss on debt extinguishment	—			(15		)	—		(15		)
Gain on disposition of properties	—			81,965			—		81,965
Interest and other finance expense	(13,877		)	(3,043		)	—		(16,920		)
Income tax provision	(10		)	(24		)	—		(34		)
Net income	$	997		$	86,980		$	12,053	$	100,030
Noncontrolling interests
Net income attributable to noncontrolling interests	$	(2,831	)	$	(50,356	)	$	—	$	(53,187	)
Net (loss) income attributable to Common Shareholders	$	(1,834	)	$	36,624		$	12,053	$	46,843

Real Estate at Cost	$	1,528,848		$	1,118,897		$	—	$	2,647,745
Total Assets	$	1,809,395		$	1,152,103		$	273,542	$	3,235,040
Acquisition of Real Estate	$	6,250		$	12,287		$	—	$	18,537
Investment in Redevelopment and Improvements	$	10,222		$	45,668		$	—	$	55,890

12. SEGMENT REPORTING (continued)

Six Months Ended June 30, 2015



(dollars in thousands)	Core Portfolio			Funds			Structured Financing Portfolio		Total
Revenues	$	73,186		$	25,063		$	7,393	$	105,642
Property operating expenses, other operating and real estate taxes	(17,926		)	(11,431		)	—		(29,357		)
General and administrative expenses	(14,208		)	(1,329		)	—		(15,537		)
Depreciation and amortization	(20,475		)	(7,086		)	—		(27,561		)
Impairment of asset	(5,000		)	—			—		(5,000		)
Operating income	15,577			5,217			7,393		28,187
Equity in earnings of unconsolidated affiliates	1,133			8,866			—		9,999
Gain on disposition of property of unconsolidated affiliates	—			17,105			—		17,105
Loss on debt extinguishment	—			(134		)	—		(134		)
Gain on disposition of properties	—			88,984			—		88,984
Interest and other finance expense	(13,797		)	(4,988		)	—		(18,785		)
Income tax provision	(405		)	(956		)	—		(1,361		)
Net income	$	2,508		$	114,094		$	7,393	$	123,995
Noncontrolling interests
Net loss (income) attributable to noncontrolling interests	$	2,026		$	(82,979	)	$	—	$	(80,953	)
Net income attributable to Common Shareholders	$	4,534		$	31,115		$	7,393	$	43,042

Real Estate at Cost	$	1,553,174		$	1,025,406		$	—	$	2,578,580
Total Assets	$	1,650,555		$	1,154,213		$	168,931	$	2,973,699
Acquisition of Real Estate	$	169,235		$	103,836		$	—	$	273,071
Investment in Redevelopment and Improvements	$	9,624		$	95,621		$	—	$	105,245